Servicing

Some newcomers to mortgage servicing did not hedge because hedging would have increased costs. Had rates moved up, the strategy would have paid off handsomely. Instead, it worked against them.

More than half of borrowers with home equity lines of credit that will reset this year have seriously underwater properties, and that risk is likely to grow further next year.

The Federal Housing Finance Agency won't keep renewing initiatives like the Home Affordable Refinance Program in perpetuity, even if it is extended again before it expires in December, Director Mel Watt said Wednesday.

Hope Now said nearly 1.9 million homeowners received some sort of mortgage assistance in 2014.

KeyCorp has named Mark Danahy president of its mortgage operations. Danahy had been managing director of Citigroup's U.S. mortgage operation from July 2011 to May 2014 and, before that, was president and chief executive of PHH Mortgage.

Two years after Citigroup was punished for widespread foreclosure abuses, the bank is dealing with another misstep: Thousands of people who were entitled to settlement checks never got any money.

Home prices nationwide, including distressed sales, climbed by 5.7% year-over-year in January 2015, according to CoreLogic.

JPMorgan Chase has agreed to a $50.4 million settlement with the Justice Department for robo-signing documents sent to homeowners in bankruptcy and for related abuses.

The performance of commercial and multifamily mortgages continued to improve during the fourth quarter, according to the Mortgage Bankers Association.

The Federal Deposit Insurance Corp. has accepted Banco Popular de Puerto Rico's bid to purchase mortgage servicing rights held by shuttered Doral Bank.